That means he'll probably be gone by the end of January. And it means we won't have a battle hardened Treasury Secretary in office for what is sure to be Washington's next knock-down, drag-out fight.
Nichols also writes that the hunt for the next Treasury Secretary is still on. White House Chief of Staff Jack Lew may still be the frontrunner, but his lack of experience in the financial sector (he only spent two years as a Managing Director at Citigroup) doesn't make him ideal.
From Bloomberg:
Administration officials had approached American Express Co. Chief Executive Officer Kenneth Chenault about joining Obama?s second-term cabinet, possibly as Treasury secretary. Chenault isn?t interested in leaving his private sector job, according to a spokesman. ?Ken has no plans to leave American Express,? said Michael O?Neill, a spokesman for the New York-based company, declining further comment.
Point is, we imagine a lot of people in Washington are still making a lot of phone calls about this one.
Source: http://www.businessinsider.com/geithner-leaving-dc-before-debt-ceiling-2013-1
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